The New York Times was forced to issue a major correction this week after an article attacking the President’s recently passed tax plan was proven wildly incorrect; falsely claiming a middle-income couple would owe nearly $4,000 more in federal taxes instead of actually receiving a refund.
The Times published the article in late February, called “Get to Know the New Tax Code” ahead of the national deadline; discussing how the new guidelines would impact a “hypothetical family” with a dual income and a 22% tax bracket.
The Trump hit-piece then claimed the “family would owe $3,896 more in taxes under the new law,” totally ignoring the couple’s “size-able deduction” for income.
The Times issued a formal correction to the inaccuracy days later, writing “An earlier version of this article incorrectly described the probable effect of the new tax law on a hypothetical couple’s 2018 tax bill.”
“The projection for their 2018 taxes failed to indicate that the couple would probably be entitled to claim a sizable deduction for income earned from consulting. As a result of that deduction, the amount they would likely owe on taxes would decline by $43, not rise by $3,896.”